secwatch.observer — SEC 8-K summary
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Issuer:     Massimo Group (MAMO)
CIK:        0001952853
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001493152-24-031166
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Massimo Q2 2024: Revenue $35.4M (+32%), Net income $2.8M (+36%)
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- Revenue $35.4M (+32% YoY); net income $2.8M, EPS $0.07 vs $0.05 YoY.
- Gross profit $11.5M (+42%), margin 32.5% (+217 bps).
- UTV/ATV/e-bike revenue up 53% to $34.2M; pontoon boat revenue down 73% to $1.2M.
- Expanding capacity: 90k sq ft facility expansion, new automated robot assembly line; partnerships with Armlogi, Fleet Farm, and global retailer.
- Closed $5.85M IPO in April 2024; net cash used in operations $7.1M in H1 2024 for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952853/000149315224031166/0001493152-24-031166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952853/000149315224031166/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer